The shares of NB Plc were admitted to trading on the floor of The Nigerian Stock Exchange on 5th September, 1973. Currently, NB Plc is the second most capitalised company on The Nigerian Stock Exchange.
With about 113,340 shareholders as at 30th September, 2016, the authorised share capital of NB Plc is N4billion, divided into 8 billion shares of 50kobo each.
The issued share capital as at 30th September, 2016 stood at N3,964,550,444 divided into 7,929,100,888 ordinary shares of 50 kobo each. As at 30th September, 2016, Heineken N.V has a majority shareholding of approximately 55% while approximately 45% is held by Nigerian and foreign individuals and associations.
The company paid out a total dividend of N38,059,684,262 (that is, N4.80 kobo per ordinary share of 50 kobo each) for the financial year ended 31st December, 2015.
On the 26th of October, 2016, the Board of Directors of the company declared an interim dividend of N7,929,100,888 (Seven Billion, Nine Hundred and Twenty Nine Million, One Hundred Thousand and Eight Hundred and Eighty Eight naira only), that is, N1.00 (one naira only) per ordinary share of 50 kobo in the share capital of the Company. The interim dividend is payable on Thursday, 24th November, 2016 out of the amount standing to the credit of the Profit and Loss Account, to all shareholders registered in the books of the Company at the close of business on Wednesday, 16th November, 2016. The Interim Dividend shall be paid subject to the deduction of withholding tax at the appropriate rates. For the purpose of the interim dividend, the Register of Members and Transfer Books will be closed from Thursday, 17th of November, 2016 to Wednesday, 23rd of November, 2016 (both dates inclusive) for the preparation of an updated Register of Members.
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The unaudited results for the nine (9) month period ended 30th September, 2016 shows a Turnover of N222.7 billion, representing an increase of 4% over the corresponding period of 2015.
The unaudited results for the nine (9) month period ended 30th September, 2016 shows a decline of 26% and 23% in Profit Before Tax and Profit After Tax respectively over the corresponding period of 2015.
The macro economic environment deteriorated further in the third quarter of the year compared to the first half; consumers continued to down-trade to lower priced brands. However, the Company delivered top line growth with Revenue increasing by 4% over the same period of 2015. Rising inflation combined with the devaluation of the Naira led to higher input costs, resulting in an 11% decline in Operating Profit.
The negative impact of scarcity of foreign exchange combined with the Naira devaluation more than offset the lower interest costs resulting in a 94% increase in Net Finance Costs. Profit After Tax declined by 23% mainly due to foreign exchange losses as a result of the devaluation.
The operating environment is expected to remain challenging for the rest of the year. The Company will continue to focus on its twin agenda of Cost and Market Leadership supported by innovation. The Board is confident that the Company is well positioned to take advantage of any upswing in the market.